614 Active Listings 59 Homes Under Contract 50 Homes Sold June 28 - July 3, 2010 An average of 241 days on market = 7.9 Months Absorption Rate (Number of months it takes the market to "absorb" homes). This number is staying pretty steady at the moment. In other words we still have a buyers market. More homes than buyers in the market place + historically low interest rates = Opportunities for Buyers. For a complete list of homes for sale … (0 comments)
626 Active Listings100 Homes Under Contract34 Homes Sold June 21 - June 26, 2010An average of 243 days on market = 8.0 Months Absorption Rate (Number of months it takes the market to "absorb" homes). This number is staying pretty steady at the moment. Even with all the closings we've had in the last few months we still have a buyers market. It seems the homebuyer tax credit may have pulled home sales forward as activity is a … (0 comments)
617 Active Listings155 Homes Under Contract17 Homes Sold June 7 - June 12, 2010An average of 243 days on market = 8.0 Months Absorption Rate (Number of months it takes the market to "absorb" homes). No change in the absorption rate this week compared to last week. We will probably see a difference in the coming weeks as we head towards the end of the month and the deadline for closing on home to qualify for the … (0 comments)
584 Active Listings101 Homes Under Contract12 Homes Sold March 1 - March 68.0 Months of inventory on the market An absorption rate of 8 months means Iowa City remains a buyers market for now. The absorption rate takes into account homes sold and not those under contract. And with 101 homes under contract we can see there's a lot of buyer activity in Iowa City with buyers wanting to take advantage of the homebuyer tax credit before the deadline of April 30, so we will probably see … (2 comments)
Weekly real estate market update Iowa City July 5. Includes homes sold, homes under contract and active listings.
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